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Wave

USDJPY Attempts to Pull Out of Bear Wave as Retail FX Traders Flip Net Long

USDJPY, Fed Rate Forecasts and Volatility Talking Points: The Market Perspective: USDJPY Bearish Below 137.50 USDJPY closed below its 200-day SMA on Friday, but today’s rebound is the biggest seen from the pair in six months Volatility is elevated, which can lead to strong swings; but the fundamentals do not look as ready to return …

USDJPY Attempts to Pull Out of Bear Wave as Retail FX Traders Flip Net Long Read More »

UK Oil – Looking to Rotate, Wave 4 Correction Completed and Rejected off 200 Moving Average

UK oil has been consolidating since March 22 high at 133.107 all the down to July 2022 lows at 94.480 and it seems like it is looking to re-test the March highs again in the near-term future. The best to break this down is by doing a top-down analysis starting with the daily timeframe. UK …

UK Oil – Looking to Rotate, Wave 4 Correction Completed and Rejected off 200 Moving Average Read More »

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